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Dec 6, 2012
12/12
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we thought we'd have elections march/april, there's the prospect it could be a snap election much earlier perhaps in the new year. now the good news is there isn't a huge amount of blowout on the bonds at the short end of the italian markets. the yields are higher but not huge relative to where we've been but on the ten-year italian market you can see we're slightly higher but no great shakes overall. it means the rally in the peripheral bond market we've witnessed in italy and spain has now stalled at this stage. remember we had the auction in spain yesterday and the yields are slightly higher relative to where we've been, they're still relatively depressed. we talk about the problems in europe, i thought it was worth pointing out amidst all the malaise what is happening in germany today an astounding manufacturing german manufacturing orders result from germany up 3.9% in october, a phenomenal performance from german industry and it's worth bearing in mind that german industry is basically in a single currency that is too low arguably for what it should be at. the deutsche mark would ha
we thought we'd have elections march/april, there's the prospect it could be a snap election much earlier perhaps in the new year. now the good news is there isn't a huge amount of blowout on the bonds at the short end of the italian markets. the yields are higher but not huge relative to where we've been but on the ten-year italian market you can see we're slightly higher but no great shakes overall. it means the rally in the peripheral bond market we've witnessed in italy and spain has now...
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Dec 3, 2012
12/12
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they have an election every two years and they got elected again and they've got constituents that sent them there for a reason. and then you've got the president would is just -- you know, just being hammered by the left on not caving this time around because he got so much grief the last time. this is setting up for us to go over the cliff, isn't it? what do you think? do we go over it or not? >> yeah, it is very difficult. and i feel bad for john boehner. he's in a difficult situation. i did want to remind john that he should look at the young, newer members that are so difficult to persuade to make an easy deal compromise. and remember, it wasn't too many years ago, john, that was you and me and we were driving bob michael and president bush nuts when the democrats were offering them, give us the tax increases now, we'll give you the spending cuts later and we were saying, oh, no, they'll never keep their word on the spending cuts. they'll tax the tax increases. quite frankly, the speaker has a difficult role to play here. he's seen by so many people as the principal guardian of our
they have an election every two years and they got elected again and they've got constituents that sent them there for a reason. and then you've got the president would is just -- you know, just being hammered by the left on not caving this time around because he got so much grief the last time. this is setting up for us to go over the cliff, isn't it? what do you think? do we go over it or not? >> yeah, it is very difficult. and i feel bad for john boehner. he's in a difficult situation....
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Dec 4, 2012
12/12
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. >> i was so hopeful, i wasn't obviously thrilled with the election results, but i actually thought that result might be the result we needed to get thefshs done. >> in a way you you have the situation where -- >> you extend 98 but not the 2? believing that story is so -- >> either raise them on everyone or raise them on -- either it will hurt the economy if you raise taxes or it's not. on 98 it won't hurt, on 2 it will -- >> we'll have more on this argument. in the meantime, let's talk about some of the other headlines. financial firms are gathering for the goldman sachs financial services contractors. a key presenter is brian money tha moynihan. we talked about his reports of planned fee increases. plus there was the issue of president obama's likely pick to follow tim geithner at treasury. we talked about how buffett threw out jamie dimon's name. here is what moynihan thinks about that idea. >> i won't give individual names, but i think what warren is expressing a view which i agree with is that we need to have very bright, very talented and very broad experienced people help pus
. >> i was so hopeful, i wasn't obviously thrilled with the election results, but i actually thought that result might be the result we needed to get thefshs done. >> in a way you you have the situation where -- >> you extend 98 but not the 2? believing that story is so -- >> either raise them on everyone or raise them on -- either it will hurt the economy if you raise taxes or it's not. on 98 it won't hurt, on 2 it will -- >> we'll have more on this argument. in...
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Dec 7, 2012
12/12
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sandy, the election, holiday workers. you say three asterisks. >> yeah, i think it has to have three asterisks, it doesn't fit in with initial claims and other items. they said sandy had no impact on the number. i think that may be because the number was basically taken before the impact was held. i think they're going to see a lot of revisions here. >> next week setting up. it's going to be another big one. same store sales from various companies and, of course, the fed. >> the fed is important. it's another one of those two-day meetings. they're going to take down operation twist. this will be important because he gets to announce at a press conference. that gives them a chance to explain what the mood of the meeting was. it will give them a chance to hear what the new proposal, qe whatever, is supposed to do and how they want to set it up. so i think the markets will hone in on that very, very carefully. >> do you think we see an acceleration of purchases, a revamp of twists? will there be an event as i said earlier? >
sandy, the election, holiday workers. you say three asterisks. >> yeah, i think it has to have three asterisks, it doesn't fit in with initial claims and other items. they said sandy had no impact on the number. i think that may be because the number was basically taken before the impact was held. i think they're going to see a lot of revisions here. >> next week setting up. it's going to be another big one. same store sales from various companies and, of course, the fed. >>...
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Dec 2, 2012
12/12
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this was a status quo election. the president had a great re-election and the republicans held the house and democrats the senate. they have to sit down and do negotiate. it's not boehner versus geithner. it's can the house republicans buy a plan that they cancel to their members. and will the senate go along and if so will the president sign it. until you get in a room and discuss the elements you get people talking at each other with some absurdity. we are talking about $85 billion a year in added revenue over a ten-year period. we are spending over a trillion dollars in debt every year and not putting anything into it. the republicans have been down the road before where they have been promised three for one, and it never happens. i think they are beginning to realize until it's actually on the table and signed off on by all sides they aren't going to buy into it. >> senator, did the president in this offer with so little in spending cuts and tax reform, the debt limit, did he overplay his hand or is he being rea
this was a status quo election. the president had a great re-election and the republicans held the house and democrats the senate. they have to sit down and do negotiate. it's not boehner versus geithner. it's can the house republicans buy a plan that they cancel to their members. and will the senate go along and if so will the president sign it. until you get in a room and discuss the elements you get people talking at each other with some absurdity. we are talking about $85 billion a year in...
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Dec 8, 2012
12/12
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over the insignia of presidential power to union and civil rights leader who came to office after free elections in 1990. the commission's confirm the prosecutors fears. the body was found in the wrong grade. the identity of the body in his grave has yet to be revealed, but investigators say they know who it is. in the meantime, a second burial was held in warsaw. >> the family was not present when the body was identified. mistakes are always possible. i can only express my deepest sympathy with the family. now they have to cope with the exhumation and second burial. >> he does not have a clue. he lies morning, noon, and night. we are fed up with the allies. >> for the first time in years, the civic platform is the longer the strongest party. >> a mass grave would have been better. many of the dead were beyond recognition. a symbolic of what have been better. this is a very sensitive dispute for poland. it cannot be resolved discreetly. the politicians are using it for their purposes while the families suffer. >> some say one case may have been more painful than the others because the person in
over the insignia of presidential power to union and civil rights leader who came to office after free elections in 1990. the commission's confirm the prosecutors fears. the body was found in the wrong grade. the identity of the body in his grave has yet to be revealed, but investigators say they know who it is. in the meantime, a second burial was held in warsaw. >> the family was not present when the body was identified. mistakes are always possible. i can only express my deepest...
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Dec 4, 2012
12/12
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does this bode well for general elections next year? >> indeed, the result was one that was worthy of a chinese party congress, nearly unanimous. it is precisely because we have elections coming up next year and the party well knows that merkel is their very best advertisement. she is the most popular politician in germany. her popularity ratings significantly surpassed those of the party as a whole, and therefore, the party is happy to have her as its head as it goes into next year's elections. the reason for that popularity is very much her handling of the eurozone crisis, the very same attributes that annoyed many of the eurozone member countries -- her caution, her insistence that structural reform must precede bailouts. >> this is being dubbed the merkel show. can she deliver, though? >> in fact, she is very much the main message here at the party congress, but not the only message. as we heard in the report, the party has been at pains to show itself as a modern party, a party focused on diversity. there were strong warnings to bu
does this bode well for general elections next year? >> indeed, the result was one that was worthy of a chinese party congress, nearly unanimous. it is precisely because we have elections coming up next year and the party well knows that merkel is their very best advertisement. she is the most popular politician in germany. her popularity ratings significantly surpassed those of the party as a whole, and therefore, the party is happy to have her as its head as it goes into next year's...
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Dec 3, 2012
12/12
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doing precisely that. >> got through the election on social issues. on the economy, i think it's pretty clear that nobody voted for four more years of the current economy. four more years to get his house in order and he's not going to get his house in order using the red herring of taxes when it's entitlemen entitlements. it just isn't going to work, simon. >> i get it. i'm just pointing out -- >> you know what, let's take jobless claims. >> i get it. >> over the last three days, jobless claims to sustain that renewal again which i think is a bad idea, that's 30 to $35 billion a year. i heard many democrats say that's a small amount, why shouldn't we do that? that's about halfway to the total amount they're talking about taxes. but whent's that, it's small. but when it's the 70 to $80 billion am toortized over ten years, all of a sudden it's big. i'm not saying don't raise taxes. if i signed the pledge, i would do it for good reasons. i haven't seen a good reason. i haven't seen a plan that promotes the big guy in the room. >> see you in the next hou
doing precisely that. >> got through the election on social issues. on the economy, i think it's pretty clear that nobody voted for four more years of the current economy. four more years to get his house in order and he's not going to get his house in order using the red herring of taxes when it's entitlemen entitlements. it just isn't going to work, simon. >> i get it. i'm just pointing out -- >> you know what, let's take jobless claims. >> i get it. >> over the...
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Dec 4, 2012
12/12
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-- do you think it will be smooth sailing all the way to the next elections? >> just because the euro crisis is not on the agenda does not mean it cannot royal the waters -- roil the waters. there is also the very crucial question of who the next coalition partner will be, if it wins a large share of the vote in september. the current junior coalition partner, the free democrats, are looking quite weak, possibly might not make it into the next parliament. that would leave the cdu looking around for the next order. that could provoke real controversy. >> thank you very much. >> the doha climate talks. to have reached -- talks appear to have reached the boiling point. >> they are failing to find common ground at this u.n. conference. delegates in to seal an intern -- delegates came to seal an interim pact. >> environmental groups holding a silent protest at the conference. after a week of talks, there has been little progress. the kyoto protocol expires at the end of the year. the question now is whether or not it will be extended and which countries sign up. an
-- do you think it will be smooth sailing all the way to the next elections? >> just because the euro crisis is not on the agenda does not mean it cannot royal the waters -- roil the waters. there is also the very crucial question of who the next coalition partner will be, if it wins a large share of the vote in september. the current junior coalition partner, the free democrats, are looking quite weak, possibly might not make it into the next parliament. that would leave the cdu looking...
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Dec 10, 2012
12/12
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and they were very instrumental in helping him get elected and re-elected. >> reporter: that's right. the election results tell the story. president obama won the union vote handily. nationwide, he won 58% of the union vote. compared to governor romney who got 40%. and unions also contributed heavily to donations and get out the vote efforts. $143 million they gave overall in the 2012 campaign to general candidates and elections in general. only 4% went to republicans. the rest went to democrats and outside spending groups. so you can see the impact they had across the board it and, wolf, while michigan wouldn't be the first state to pass right to work laws, in fact, 23 other states already have right to work laws. so tomorrow michigan could become the 24th state to have one. as the birthplace for the organized labor movement in the u.s., passage for this law in michigan would be a body blow to the labor movement in the u.s., wolf. >> certainly would be. thanks very much for that, jessica. >>> the president's due back here in washington just in a little while from michigan. his focus
and they were very instrumental in helping him get elected and re-elected. >> reporter: that's right. the election results tell the story. president obama won the union vote handily. nationwide, he won 58% of the union vote. compared to governor romney who got 40%. and unions also contributed heavily to donations and get out the vote efforts. $143 million they gave overall in the 2012 campaign to general candidates and elections in general. only 4% went to republicans. the rest went to...
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he's the guy who said four years ago, look, i won the election, when he was talking to paul ryan. because i won i get what i want. he had some twitters today, he was tweeting with people all over the country, and some very revealing answers, i think, even though tweets are pretty small. this is one from somebody named hunter. the president answered, there's not enough revenue unless you end charitable deductions, etc. less revenue equals more cuts in education, etc. but what he's not mentioning, this is him from program in from the white house. >> yeah. david: he wants to both raise the rates and end deductions in order to get to that big amount, 1.6 trillion over ten years. >> and that's the problem. my greatest fear is we're going to have near term tax increases, and the cuts are going to be baked out over five to ten years. that doesn't work. that's really what's -- david: if we get those cuts at all. >> we have tons and tons of fresh data. i've been going back and forth with people, europe we've got tons of fresh data on. near term tax increases with long-term spending cuts eq
he's the guy who said four years ago, look, i won the election, when he was talking to paul ryan. because i won i get what i want. he had some twitters today, he was tweeting with people all over the country, and some very revealing answers, i think, even though tweets are pretty small. this is one from somebody named hunter. the president answered, there's not enough revenue unless you end charitable deductions, etc. less revenue equals more cuts in education, etc. but what he's not...
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Dec 7, 2012
12/12
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andrea merkel has to get elected in the second half of next year. that's going to make it difficult for any pro-growth solutions to appear in europe. i think, frankly, i'm not that confident that the market hasn't already positively priced in a fiscal cliff resolution. i think the first half is like a bungee jump. >> so dan, cut through all of that, right. if we could put aside trying to forecast where the s&p is going to be, where the dow is going to be, regardless of where the markets in general are going to be, i believe you have stock picks for us. name what they are and will they be able to perform regardless of the macro environment? >> all right. we are focused on. companies that can grow regardless of what happens in the economy. three stocks we like, one is denbury resources. what's interesting about them is they have hedged their forward sales of oil so the lowest they're going to receive is $80 next year. at those rates, they're going to be a very profitable company. it's a very inexpensive stock. we like that. it's a u.s. oil producer as
andrea merkel has to get elected in the second half of next year. that's going to make it difficult for any pro-growth solutions to appear in europe. i think, frankly, i'm not that confident that the market hasn't already positively priced in a fiscal cliff resolution. i think the first half is like a bungee jump. >> so dan, cut through all of that, right. if we could put aside trying to forecast where the s&p is going to be, where the dow is going to be, regardless of where the...
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Dec 10, 2012
12/12
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after the election, the risk that the market basically these two portfolios are traching each other are perfect mirror images here. they were betting at this point we were going to go over the cliff. in other words the -- over the cliff portfolio was the outperformer until today. they have crossed. so now it's gone lower. we hit the cliff and avoid it is going higher at this point. two things to watch for this week. we got all that treasury paper coming to market here. the yield has moved higher. but we'll see what happens there. then the other thing is natural gas at a two-month low and moving lower because of all the warm weather in the markets now. nat gas subpoena in fact we come off this low here. with the market up 20 points here, what do you make of this -- of our model portfolio fiscal cliff portfolios? >> i was very surprised that it crossed today. i mean, with very little activity, very little movement on pretty much any stock that it crossed today. i was surprised with that. i'm becoming a little more convinced that we're not going to have any resolution at all. i thought the
after the election, the risk that the market basically these two portfolios are traching each other are perfect mirror images here. they were betting at this point we were going to go over the cliff. in other words the -- over the cliff portfolio was the outperformer until today. they have crossed. so now it's gone lower. we hit the cliff and avoid it is going higher at this point. two things to watch for this week. we got all that treasury paper coming to market here. the yield has moved...
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Dec 4, 2012
12/12
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the president of the united states is back to his old dog and pony show for three weeks after the election he didn't say or do anything. he's back to giving public speeches. with a plan that he knew was going to be rejected by republicans, we actually need the president of the united states to sit down with speaker boehner and have a kfrg. i can't understand this president. he likes to legislate and give speeches but he doesn't like to get involved actively in the legislative pros is he and that's exactly what we need and we haven't heard increase in revenue. we haven't heard what the white house is willing to give up and i think the plan is reductions in spending and what is increasing deficit is not that the rich is not paying enough taxes. >> what is going to come from the left? because david brooks from the "new york times" made this observation. republicans have to realize that they are going to cave on tax rates. the only question is, what do they get in return? as we know, tax rates are a must-have for the president, the revenue there as alfonso was pointing out, revenueses are on t
the president of the united states is back to his old dog and pony show for three weeks after the election he didn't say or do anything. he's back to giving public speeches. with a plan that he knew was going to be rejected by republicans, we actually need the president of the united states to sit down with speaker boehner and have a kfrg. i can't understand this president. he likes to legislate and give speeches but he doesn't like to get involved actively in the legislative pros is he and...
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it was right after the presidential election in the united states or right before the elections in israel. what does it suggest to you is the timing important or was it a coincidence well i suspect that the timing in this case was dictated by the israeli election. it's very popular in israel to kill lots of palestinians in gaza . and have mass is seen as a monster and so a war against amounts when vote you know i want to talk about the wording of the operation pillar of cloud obviously referring to the bible and back in the bible. it was the pillar of cloud who let the israelis through with pete out of egypt and save them from the sorrow how much the torah narrative actually dominate the mindset of israeli war planners well the religious element in both in the israeli armed forces largely subtle are driven. not orthodox jews many of whom don't want to serve in the military refuse to do so but the religious complection of the israeli defense forces is steadily increased so religion is now very much bound up with its operations the language of some rabbis during cast lead was simply hair ra
it was right after the presidential election in the united states or right before the elections in israel. what does it suggest to you is the timing important or was it a coincidence well i suspect that the timing in this case was dictated by the israeli election. it's very popular in israel to kill lots of palestinians in gaza . and have mass is seen as a monster and so a war against amounts when vote you know i want to talk about the wording of the operation pillar of cloud obviously...
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Dec 10, 2012
12/12
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>> the president himself kourg the election said 2 1/2 to one. now his proposal last week has $1.6 trillion in tax increases, $400 billion in spending cuts and another $200 billion in spending, plus an unlimited ability to borrow and raise the debt limit >> you'd be okay with 2 1/2 to 1? >> the bowles-simpson was about 3 to 1. frankly i don't think it's a revenue problem. i don't want to go over revenues. but you know, if we could get a deal that would put the country on a sound fiscal footing and change this trajectory that we're on, there perhaps could be some republican support for it. i'm not sure where i would come in. >> the -- part of the cliff that bothers you the most is that you'd like to do something with the sequester? or, if we were to sunset all the bush tax cuts? that would -- >> that would go -- republicans want to get rid of the deficit. that almost cures the deficit. and that was the rates that we had at one point. and they were supposed to sunset. and i guess there's never a good time. but what if they all sunsetted and you did
>> the president himself kourg the election said 2 1/2 to one. now his proposal last week has $1.6 trillion in tax increases, $400 billion in spending cuts and another $200 billion in spending, plus an unlimited ability to borrow and raise the debt limit >> you'd be okay with 2 1/2 to 1? >> the bowles-simpson was about 3 to 1. frankly i don't think it's a revenue problem. i don't want to go over revenues. but you know, if we could get a deal that would put the country on a...
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that just took place everybody followed the us elections it was a very tight race between president obama and mitt romney in france we had a new president elected and people followed that in russia there was an election but not much choice and in china there wasn't even the pretended they didn't pretend to elect a new leader they just put someone there and people don't want that people want democracy people want to say people want to play a role in their societies china does not offer that to them in the political sphere and therefore i believe for a long time coming there's not going to be a chinese century while alexander what about the middle class what it will be said about the middle class because that's the power of the west traditionally. yes i mean the middle class. very strong in the west pretty is the right there are problems we have a declining middle class that is something we have to fight but for the time being we are both the most competitive societies and the most equitable societies if you look at the distribution of income in china in russia in brazil you will see
that just took place everybody followed the us elections it was a very tight race between president obama and mitt romney in france we had a new president elected and people followed that in russia there was an election but not much choice and in china there wasn't even the pretended they didn't pretend to elect a new leader they just put someone there and people don't want that people want democracy people want to say people want to play a role in their societies china does not offer that to...
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Dec 10, 2012
12/12
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elections have consequences for both sides of the aisle. the president is very aware that he has a responsibility to now go to bat on immigration reform and it seems to be that in the house it's a small step. small private steps are being taken not by the people who put out press releases that don't really say much, but have lovely words to them. they're actually working on it. let's see. piecemeal, i think, will never work. >> margaret. >> i -- i think senator rubio's heart is pure on this, and i think he sees a great big huge bill trying to move it is harder than getting pieces that you can get coalitions on and get something through. you know, on the vote on that 44 point difference, you know, if republicans started speaking to latinos with some respect and not with words like self-deportation and let's fix -- let's close the fence as mccain did. they would be able to hear other parts of the republican message. you can't be sure that all of them are going to -- that they're not all going to be democrats one they're here in & here legal.
elections have consequences for both sides of the aisle. the president is very aware that he has a responsibility to now go to bat on immigration reform and it seems to be that in the house it's a small step. small private steps are being taken not by the people who put out press releases that don't really say much, but have lovely words to them. they're actually working on it. let's see. piecemeal, i think, will never work. >> margaret. >> i -- i think senator rubio's heart is pure...
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Dec 10, 2012
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we thought it would be weak during an election year. there's a whole body of academic evidence that public policy certainly does impair it. but we were stunned as early as the first quarter of this year to see the tech sector, ibm, talking about flat revenue growth in the u.s., and there we think there's a level of cap-ex that has just been foregone because of this public policy uncertainty that, even in a semistable environment, it should rebound a bit. and that could be a big driver for profit growth in '14. >> you point out that your sector positioning, you say it's cautious, but you are upping technology to overweight. underweighting domestic cyclical. if cap-ex is a phenomenon next year why would you not be more highly leveraged to that? >> well, we think that first of all, the numbers, and the valuations, look fully played out. we think they still have housing market euphoria. and, have looked at things like consumer confidence going up, at least until friday, as a result of house prices stabilizing. for us, that's the reason why
we thought it would be weak during an election year. there's a whole body of academic evidence that public policy certainly does impair it. but we were stunned as early as the first quarter of this year to see the tech sector, ibm, talking about flat revenue growth in the u.s., and there we think there's a level of cap-ex that has just been foregone because of this public policy uncertainty that, even in a semistable environment, it should rebound a bit. and that could be a big driver for...
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david: if, we're a month after the election. there are patterns after the election. are we fitting that pattern this year? >> yeah. the election year was up which is a sign of incumbent winning. we had a weak november after incumbent win. very typical. remains to seen if december fall follows that pattern. i think we're --. >> what about the year after an election? >> as i said before that is the worst of the four-year cycle. however a little better for democrats. they tend to spend more time debating and getting their policy initiatives together where republicans are more conservative in ideology. come out a little quicker. post-election years up five, down one for republicans since world war ii. i mean for democrats, excuse me. >> jeff hirsch, stock traders almanac, editor-in-chief. david: has commodity traders almanac. you have it all covered. >> thank you. liz: who is the most overpaid actor according to the forbes when looking at box-office returns versus the big bucks they're paid? is it brad pitt? is it eddie murphy or is it adam sandler? we have the answer co
david: if, we're a month after the election. there are patterns after the election. are we fitting that pattern this year? >> yeah. the election year was up which is a sign of incumbent winning. we had a weak november after incumbent win. very typical. remains to seen if december fall follows that pattern. i think we're --. >> what about the year after an election? >> as i said before that is the worst of the four-year cycle. however a little better for democrats. they tend to...
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Dec 2, 2012
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, elections of consequences. remember that famous soundbyte? obama ran on higher taxes for the wealthy and won. lz, shouldn't he be making the same argument? that is what he ran on. >> absolutely. you know what i find interesting, if you look at the statistics, many of the blue states that supported president obama are some of the richest states in the country. and so not only did you have him defeat romney pretty handedly in the electoral college, but people willing to sacrifice their own money to make sure that president obama, his policies made it to the white house. you know, it was the exact opposite in just the republicans. some of the red states were some of the poorest states in the country. so i think it is very interesting that when you see average american citizens who happen to be making a little bit more money willing to sacrifice for the good of the country, i think that's a good message and something to get behind and stand on. >> lz, our producers are here, can we keep them over the break? i want
, elections of consequences. remember that famous soundbyte? obama ran on higher taxes for the wealthy and won. lz, shouldn't he be making the same argument? that is what he ran on. >> absolutely. you know what i find interesting, if you look at the statistics, many of the blue states that supported president obama are some of the richest states in the country. and so not only did you have him defeat romney pretty handedly in the electoral college, but people willing to sacrifice their...
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we know that after the election, 60% of people said let's raise taxes on the wealthiest. what more does john boehner need? >> i don't understand the republicans' thinking on this. i really don't. this is power politics. they don't have the leverage in this situation. if they don't cut a deal within the next 30 days, you're going to see tax rates rise on all americans. you're going to see huge cuts in the defense budget. we're probably going to have a double dip recession, and until the congress then gets its act together to fix it and lower rates on the middle class, you will have the republicans essentially responsible for raising tax rates on the middle class. i can't imagine, again, bill krystal said this yesterday. i can't imagine why the republicans would want to be known as raising tacks xes on t middle class. >> thank you both. next, the president reacts to speaker boehner. stay with us. this is sheldon, whose long dy setting up the news starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just
we know that after the election, 60% of people said let's raise taxes on the wealthiest. what more does john boehner need? >> i don't understand the republicans' thinking on this. i really don't. this is power politics. they don't have the leverage in this situation. if they don't cut a deal within the next 30 days, you're going to see tax rates rise on all americans. you're going to see huge cuts in the defense budget. we're probably going to have a double dip recession, and until the...
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Dec 5, 2012
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also remember the exit polling from the elections that shows people are fine with taxes going up on the top 2%. this is part of why the deal from john boehner was a non starter. he said how about deduction caps so you have lots of taxes. is he in trouble with his right wing? >> yes, he is. they have purged the scam. you said it. spending cuts. they are talking about $350 billion. what matters here is the numbers. we can't afford this. we have $16 trillion in debt. we have $87 trillion in unfunded highbilities those are promises that are made that we have to keep. >> guys, this is part of what is interesting about this conversation. when you hear the speaker talking about the loop holes that is the same rhetoric that we heard from mit romney. >> they are using the stuff that is done in the budget control last year. >> those are terrible talking points. >> let me say this point. >> hang on a second. i want to go to guy benson on another point. there is a lot of talk that the republicans might have a doom's day scenario. if there is a budget stalemate, then the republicans will allow a vot
also remember the exit polling from the elections that shows people are fine with taxes going up on the top 2%. this is part of why the deal from john boehner was a non starter. he said how about deduction caps so you have lots of taxes. is he in trouble with his right wing? >> yes, he is. they have purged the scam. you said it. spending cuts. they are talking about $350 billion. what matters here is the numbers. we can't afford this. we have $16 trillion in debt. we have $87 trillion in...
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both by the experience with the debt ceiling and with the election. i think if they want to stand their ground, i think they can actually do it. i think that that is, in fact, possible. can they? you know, we'll see. they seem a lot tougher now than they were last time around. don't you think? >> they sound very tough now. chrystia freeland of thomson, and author of "the plutocrats." >>> i promised you, red lobster, olive garden, timely for both, and i will deliver. that is ahead. [ male announcer ] take dayquil... [ ding! ] ...and spend time on the slopes. take alka-seltzer plus cold & cough... [ buzz! ] ...and spend time on the chair. for non-drowsy 6-symptom cold & flu relief. take dayquil. use nyquil d... [ ding! ] ...and get longer nighttime cough relief. use alka-seltzer plus night cold & flu... [ coughs ] [ buzz! ] [ screams ] ...and you could find yourself... honey? ...on the couch. nyquil d. 50% longer cough and stuffy nose relief. yep. the longer you stay with us, the more you save. and when you switch from another company to us, we even rew
both by the experience with the debt ceiling and with the election. i think if they want to stand their ground, i think they can actually do it. i think that that is, in fact, possible. can they? you know, we'll see. they seem a lot tougher now than they were last time around. don't you think? >> they sound very tough now. chrystia freeland of thomson, and author of "the plutocrats." >>> i promised you, red lobster, olive garden, timely for both, and i will deliver....
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they believe that it's almost a cheap route by netanyahu to try and gain support ahead of january's elections and that this is an internal matter to try and really build votes the middle yahoo government essentially sees this but and perhaps i should say not just in the tunnel government but many israelis feel that it was a one sided resolution that was put forward at the united nations and the point being made by the government is that they cannot be any kind of human lateral moves on the palestinian side there needs to first be negotiations and only then can that lead to talks there needs to be direct talks between both sides. israeli prime minister benjamin netanyahu is brushing off criticism at home that he's worst in the country's diplomatic isolation he's vowing to press ahead anyway and build more settlements israeli academic miri eisin told me any viable peace solution needs work from both sides the decision that was made on thursday from my point of view was an israeli was anti israel not just pro palestinian i want to see something which is a win win situation one that's vote pro pa
they believe that it's almost a cheap route by netanyahu to try and gain support ahead of january's elections and that this is an internal matter to try and really build votes the middle yahoo government essentially sees this but and perhaps i should say not just in the tunnel government but many israelis feel that it was a one sided resolution that was put forward at the united nations and the point being made by the government is that they cannot be any kind of human lateral moves on the...
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we've had an election and the clearest debate and the clearest difference in that election was over the question of whether the rich should pay more and tax rates should go up on the rich. everybody who paid any attention at all knows that the top 2% are now taking home a larger share of total income and wealth in this country than they have in over 80 years and are paying the lowest effective tax rate they paid in over a half a century. we also have a looming budget deficit. so you don't have to really be a rocket scientist to understand that the rich do have to pay more. taxes do have to be raised on the rich and i think that's why over 60% of the public in these polls are not only supportive of a tax increase on the rich, but also will blame the republicans if we go over the fiscal cliff. and this gives frankly, this gives the white house and this gives the obama administration much more bargaining leverage. >> grover norquist, here's the problem, it seems to me. again, as long as the posturing goes on with fairly ridiculous offers on both sides and lots of political rhetoric along t
we've had an election and the clearest debate and the clearest difference in that election was over the question of whether the rich should pay more and tax rates should go up on the rich. everybody who paid any attention at all knows that the top 2% are now taking home a larger share of total income and wealth in this country than they have in over 80 years and are paying the lowest effective tax rate they paid in over a half a century. we also have a looming budget deficit. so you don't have...
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voters angry over president obama's second term however in the two thousand and eight presidential election obama became the first democrat in more than thirty years to win north carolina a red state turned blue with the promise of change four years later tens of thousands of voters in the very same state believe they'd be better off on their own. the average american the things they believe in they're tired of the endless wars and here we are talking about invading iran now i can't think of anything more the white house meanwhile promises to review and issue an official response to all petitions with twenty five thousand or more. signatories at least seven states fit that category that we used to be on the interstate driving along at thirty five miles an hour by ourselves with society and as a goal now are being passed on both sides and lamed by people going faster than we are and it's amazing because here we were thought to be radical fifteen or ten years ago and now we're mainstream. a mainstream movement to move apart marina porton i r r t. germany's christian democratic union is using
voters angry over president obama's second term however in the two thousand and eight presidential election obama became the first democrat in more than thirty years to win north carolina a red state turned blue with the promise of change four years later tens of thousands of voters in the very same state believe they'd be better off on their own. the average american the things they believe in they're tired of the endless wars and here we are talking about invading iran now i can't think of...
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is that they want to start the process all over again it was zero so actually they want to see new election. and new orleans and new constituent assembly and a new constitution so what are you going to do you're going to try to kick them out of power if you try to change could match. new risks a civil war risk we're seeing the islamist into the students as long as population in. general i don't think we're. so we're it's a very very dangerous which shouldn't judge the good wife and switching she out do you. and it's what is on the books the media but morsi is willing to make some concessions but you're going to have to talk to him to get up just or so it's not work. now syria's rebels have joined forces on the one minute to come on which they hope will unite diverse groups in the west and backstop against a presence outside this week international community again voiced fears that the syrian government could deploy chemical weapons to defeat opposition fighters something damascus denies it's a chicken assesses whether the chemical arsenal is a real threat or pretext for intervention. u.s. o
is that they want to start the process all over again it was zero so actually they want to see new election. and new orleans and new constituent assembly and a new constitution so what are you going to do you're going to try to kick them out of power if you try to change could match. new risks a civil war risk we're seeing the islamist into the students as long as population in. general i don't think we're. so we're it's a very very dangerous which shouldn't judge the good wife and switching...
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once here is that they want to start the process all over again it was zero actually they want a new election everyone in new orleans and. new constitution so what are you going to do you're going to try to keep them out of power if you try to change the match for. this a civil war risk we're going the islamist into the students. population who. i don't think goes for bush. so we're it's a very very dangerous situation it's a bit of my own situation she asked how do you. looks to me a bit more seems willing to make some concessions but they're going to have to talk to him to get out and just force it's not work syria's rebels have joined forces on the one that military command which they hope will unite diverse groups in the western backed struggle against president assad this week the international community again voiced fans that the syrian government could deploy chemical weapons to defeat opposition parties something damascus denies coming to account assesses whether the chemical austral is a real threat or pretext for intervention. u.s. officials said intelligence agencies have detected
once here is that they want to start the process all over again it was zero actually they want a new election everyone in new orleans and. new constitution so what are you going to do you're going to try to keep them out of power if you try to change the match for. this a civil war risk we're going the islamist into the students. population who. i don't think goes for bush. so we're it's a very very dangerous situation it's a bit of my own situation she asked how do you. looks to me a bit more...
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well to remember that he also very much involved himself in the internal politics the usa during the election campaign that can't even do it himself very much the administration the movement around the world for palestine for palestinian people is unprecedented netanyahu should wake up and recognize that jeremy corbin. turkey ready to push the trade turnover through over one hundred billion dollars a year just one of the big business announcements made a promise evening during president clinton's visit to mr ball but the two countries remain a lot of heads nonetheless over how to solve the conflict in syria which neighbors turkey has a really good meeting. syria dominated the press conference off the russian and turkish leaders to quote president putin we russia and turkey have common goals when it comes to syria but it's the methods of reaching that solution peaceful solution is that we cannot really quite agree on that just yet other than that of course you also spoke about the necessity of keeping out of the syrian issue there was a question. with a turkish journalist who said if there is
well to remember that he also very much involved himself in the internal politics the usa during the election campaign that can't even do it himself very much the administration the movement around the world for palestine for palestinian people is unprecedented netanyahu should wake up and recognize that jeremy corbin. turkey ready to push the trade turnover through over one hundred billion dollars a year just one of the big business announcements made a promise evening during president...
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>> you would have to elect romney to do that. you're not going to extend the bush tax cuts for the high end. >> for another minute. >> not even for a milliseconmil. >> the republicans want to bargain away and let taxes go up by the end of the year and have the big negotiations occur next year when the president will want even more increases in taxes. >> let me ask a different question and it's sort of the -- >> and then we got to go. >> here's the opportunity for the president to eclipse the whole thing, i don't think he's going to but he could eclipse the whole scene. let's not relitigate '01 and '03 let's bridge to tax reform and move forward. the senate democrats not answering their phones are the ones to ask about this one. >> congressman, thank you for being on. >>> the final countdown to the jobs report. stick around. ♪ ♪ mom? dad? guys? [ engine turns over ] [ engine revs ] ♪ he'll be fine. [ male announcer ] more people are leaving bmw, mercedes and lexus for audi than ever before. take advantage of exceptional valu
>> you would have to elect romney to do that. you're not going to extend the bush tax cuts for the high end. >> for another minute. >> not even for a milliseconmil. >> the republicans want to bargain away and let taxes go up by the end of the year and have the big negotiations occur next year when the president will want even more increases in taxes. >> let me ask a different question and it's sort of the -- >> and then we got to go. >> here's the...
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that's the ticket for admission because the president won the election and campaigned on that. the democrats are going to have to agree. they'll use uf -- and that means health care for seniors and poor people and special needs kids. that is not an easy thing to ask anybody to do, let alone the democratic party. which really created these programs. this is going to be awful and gruesome, but 70 for 60 in your poll, 60% of americans want to raise taxes on well off americans. 70% don't want to cut or 80, don't want to cut medicare or medicaid, so the hard stuff is coming. this is the easy stuff. >> we're out of time, guys. nice to talk to you. i appreciate it. >>> next, violent clashes along the turkey, syria border and a new heir to the british throne is on the way. our piers morgan will explain the fuss. that's coming up next. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. ♪ â™
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to his ways on the ground many believe that this was a move by the time yahoo jennie's parliamentary elections to try to curry favor and gone within the domestic market. iran claims to have captured an american drone in its airspace the scan eagle aircraft was apparently conducting it we cannot fly to when it was seized by the u.s. naval forces responded saying all of the unmanned planes are accounted for universe have to run professor said mohammad marandi says washington is responsible tensions the united states is we hate being in a very hostile manner towards iran the very fact that drones are cards and they going over iranian air spirits the americans are carrying out. psychological warfare against iran shut down the iranian central bank preventing iran from even importing medicine people have died because of a shortage of medicine in iran because of this sanctions that the e.u. and the united states have imposed on the country that hurt them more than anyone else because it shows how aggressive western countries are behaving and how irrational and barbaric this heightened tensions becaus
to his ways on the ground many believe that this was a move by the time yahoo jennie's parliamentary elections to try to curry favor and gone within the domestic market. iran claims to have captured an american drone in its airspace the scan eagle aircraft was apparently conducting it we cannot fly to when it was seized by the u.s. naval forces responded saying all of the unmanned planes are accounted for universe have to run professor said mohammad marandi says washington is responsible...
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and i think that they're certainly trying to leverage off of that since the election. >> well, they-- that was one of many, many, many factors. >> absolutely. >> and after the election and the fact is, as we all agree, the private sector union is a dying animal and that they only can survive if they can thoroughly control the public sector and this is just another example of their slow, painful death. >> on that upbeat note. i want you to look at this. the parent company of red lobster, filing a fight for the president's health care law, not because of the actual law, because it criticized the law. the gang from forbes is going to explain the top of the hour, up next, did any of you see this? >> oh! oh! >> apparently these guys just found out that they could get fined for eating while driving. is nothing sacred? having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. > >> coming down and p
and i think that they're certainly trying to leverage off of that since the election. >> well, they-- that was one of many, many, many factors. >> absolutely. >> and after the election and the fact is, as we all agree, the private sector union is a dying animal and that they only can survive if they can thoroughly control the public sector and this is just another example of their slow, painful death. >> on that upbeat note. i want you to look at this. the parent company...
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what did you make of the election battle. it was pretty bruising and pretty nasty. they don't seem to have learned very much on either side how to get stuff done for america. >> there's countless people who have said the gop's casting department has to be fired an restaffed because this was a race that was theirs for the taking. they really, really could have brought him down. i think the vice presidential choice was critical. i think if you had romney who was plenty conservative for most people i know, maybe not for people in red state, christian conservatives. needed to put a woman on the ticket. >> i was amazed he didn't go from the over demographics. he had marco rubio on condoleezza rice if they had done it. >> if he had gone for meg wh whitman. he might have won. if he took a serious woman as opposed to palin in 2008. >> on obama, he fought a campaign that was pretty skillful on the ground where it mattered in the swing states. probably why he won. by any kind of criminal just you say he didn't live up to the promise he gave four years ago. what do you want hi
what did you make of the election battle. it was pretty bruising and pretty nasty. they don't seem to have learned very much on either side how to get stuff done for america. >> there's countless people who have said the gop's casting department has to be fired an restaffed because this was a race that was theirs for the taking. they really, really could have brought him down. i think the vice presidential choice was critical. i think if you had romney who was plenty conservative for most...
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end the election stuff with these. mitt romney since the election. and they're all -- >> shopping? >> him add mcdonald's. >> okay. >> you like this here? that's him in the store, the supermarket. cvs. gets some supplies. that's him in the kitchen. that's him gassing up at the station. i mean, kind of -- sad, lonely figure. >> kicking back. enjoying himself. >> good the see him back in normal life? good for any politician? >> i would imagine that the period, the grieving period and the acceptance period for when it doesn't go your way, especially when there was every inclination it would go his way and remember what a long torturous, tedious primary period. about 175 republican debates before the general election. he was wiped out before the finals. >> what i find disgusting is i like mitt romney. and his wife and kids. they're nice people. and the way they've all been chucked under the bus by the other republicans, one by one, racing to distance themselves, i don't like that. it's just disloyal to me. >> i think that romney was someone who -- i mean, listen. i'm glad the way everyt
end the election stuff with these. mitt romney since the election. and they're all -- >> shopping? >> him add mcdonald's. >> okay. >> you like this here? that's him in the store, the supermarket. cvs. gets some supplies. that's him in the kitchen. that's him gassing up at the station. i mean, kind of -- sad, lonely figure. >> kicking back. enjoying himself. >> good the see him back in normal life? good for any politician? >> i would imagine that the...